Horizen

Eden

Bitcoin

April

<div class="cryptonews">
 <p class="is-style-lead">A subsidiary of Animoca Brands will build a metaverse <a rel="noopener noreferrer nofollow" title="ecosystem" href="https://thebittimes.com/tag/ecosystem.html">ecosystem</a> on Bitcoin for gaming, brands, and other in-game purchases.</p>
 <p>French game <a rel="noopener noreferrer nofollow" title="developer" href="https://thebittimes.com/tag/developer.html">developer</a> Darewise Entertainment, a subsidiary of Animoca Brands, has raised $3.5 million through a token presale for its upcoming Bitcoin (BTC) Ordinals-based metaverse <a rel="noopener noreferrer nofollow" title="ecosystem" href="https://thebittimes.com/tag/ecosystem.html">ecosystem</a>. In a blog post on Oct. 17, Animoca said the token will be used in multiple projects. Life Beyond is planned to be the first one using the token.</p>
 <p>The token was backed by gaming investors and web3 venture capital firms such as Gamefi Ventures, London Real Ventures, Citizen Capital, Blocore, Animoca Ventures, and Yat Siu, the co-founder and executive chairman of Animoca Brands. Darewise boss Benjamin Charbit called the funding a “significant indicator of confidence” among investors in building on the Bitcoin <a rel="noopener noreferrer nofollow" title="ecosystem" href="https://thebittimes.com/tag/ecosystem.html">ecosystem</a>.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Korean telecom giant launches digital currency for its metaverse
 </div>
 <p>The token is expected to be released in early 2024 with the support of Horizen Labs, a blockchain firm that provides technical token, development, and consulting services for Darewise.</p>
 <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
  <div class="wp-block-embed__wrapper">
   <div class="rll-youtube-player" data-src="https://www.youtube.com/embed/DNC7MmLwGDs" data-id="DNC7MmLwGDs" data-query="feature=oembed"></div>
   <noscript><iframe title="Life Beyond: Ingame Trailer" width="1020" height="574" src="https://www.youtube.com/embed/DNC7MmLwGDs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
   </noscript>
  </div>
 </figure>
 <p>Darewise is best known as the game development studio founded by Ubisoft veterans, which developed a sci-fi survival sandbox MMORPG called Life Beyond. The project is powered by non-fungible tokens (NFTs) as well as a player-driven tokenized economy to create immersive experiences.</p>
 <p>Animoca Brands acquired 70% of Darewise’s shares in April 2022, just days after the firm acquired the other game development studio — Eden Games. With the acquisition, Animoca seemingly wanted to demonstrate that blockchain-based games can co-exist with AAA content.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Metaverse poses ‘unprecedented’ privacy threats, report says
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/life-beyond-developer-raises-3-5m-for-bitcoin-based-ecosystem-tbt66812.html">https://thebittimes.com/life-beyond-developer-raises-3-5m-for-bitcoin-based-ecosystem-tbt66812.html</a></p>

Life Beyond developer raises $3.5m for Bitcoin-based ecosystem

TheBitTimes

Other articles published on Oct 18, 2023

Prosecution in SBF Trial Reveal Telling Twitter Messages from Bankman-Fried

Cream Finance (CREAM) Price Prediction 2024, 2025, 2030, 2040, and 2050

FTX’s sponsorship deal with Riot Games revealed

Met Police unmask crypto’s role in crime syndicates

U.S. Government Holds Over 194,000 Bitcoin, Valued at $5.3 Billion

Spot Bitcoin ETFs Approval Could Turn Bitcoin Into a $900 Billion Asset

Join our free newsletter for daily crypto updates!